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2025-04-07 15:08:51

Whales are Massively Draining BTC and ETH — even at a loss

The situation on the cryptocurrency market in recent days has caused serious concern, especially in light of the massive sales of large whale holders. Analysts at Lookonchain have recorded significant transfers of bitcoins (BTC) and ethereum (ETH) to exchanges, which, apparently, was done with the aim of selling them. Especially alarming is the fact that some of these transactions are carried out at a loss, which indicates a panicked mood among large investors.

Here are a few key points worth noting.:

Large transfers: The investment company Symbolic Capital Partners transferred $61.3 million worth of ether. An unknown whale sent ETH worth $22.1 million to the Binance exchange, while incurring a loss of about $2 million.

Another investor transferred $64.3 million worth of BTC to the same exchange, also with a loss of about $2.5 million. In addition, two whales have made BTC transfers totaling $149.3 million.

Panic mood:

Direct sales at a loss may indicate investor capitulation. This means that they are ready to sell off their assets even in the face of losses, which is often a sign that panic reigns in the market. Such actions can lead to a further drop in prices, as a massive sale creates additional pressure on the market.

BTC Support Level:

One analyst suggested that if the bitcoin price breaks through the support level around $73,000, it could signal the end of the current bull market. This can cause a chain reaction among other investors, which in turn will lead to an even bigger drop in prices.

Market impact:

These events may cause uncertainty among less experienced investors. Many may start to dispose of their assets, fearing further losses, which will worsen the situation. It is also important to take into account that such sales can be caused not only by panic, but also by strategic decisions of investors who may see more profitable investment opportunities elsewhere.

Thus, the current state of the market and the actions of large investors create a situation that requires careful monitoring. Investors should be careful and carefully analyze their actions in order to avoid unnecessary losses in the face of the volatility of the cryptocurrency market.

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